Q2 2023 EPS Estimates for TeraWulf Inc. (NASDAQ:WULF) Lowered by B. Riley

TeraWulf Inc. (NASDAQ:WULF – Get Rating) – Stock analysts at B. Riley decreased their Q2 2023 EPS estimates for TeraWulf in a report released on Tuesday, March 14th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of ($0.03) for the quarter, down from their previous forecast of $0.01. B. Riley currently has a “Buy” rating and a $2.00 target price on the stock. The consensus estimate for TeraWulf’s current full-year earnings is ($0.76) per share. B. Riley also issued estimates for TeraWulf’s Q3 2023 earnings at ($0.02) EPS, Q4 2023 earnings at $0.00 EPS, FY2023 earnings at ($0.12) EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.10 EPS.

TeraWulf Price Performance

Shares of TeraWulf stock opened at $0.54 on Thursday. TeraWulf has a 1 year low of $0.54 and a 1 year high of $9.80. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.73. The company has a 50 day simple moving average of $0.74 and a two-hundred day simple moving average of $0.94.

Institutional Investors Weigh In On TeraWulf

A number of hedge funds have recently made changes to their positions in the business. Advisor Group Holdings Inc. boosted its holdings in TeraWulf by 2,542.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,700 shares of the company’s stock valued at $31,000 after acquiring an additional 3,560 shares in the last quarter. HighTower Advisors LLC lifted its position in TeraWulf by 7.0% during the 1st quarter. HighTower Advisors LLC now owns 73,905 shares of the company’s stock valued at $621,000 after acquiring an additional 4,867 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of TeraWulf in the 1st quarter worth approximately $86,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of TeraWulf in the 1st quarter worth approximately $111,000. Finally, Invesco Ltd. purchased a new stake in shares of TeraWulf in the 1st quarter worth approximately $144,000.

About TeraWulf

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TeraWulf, Inc owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded on February 8, 2021 and is headquartered in Easton, MD.